OpenSea OpenSea Walks Back IPO After Backlash OpenSea Chief Financial Officer mentions plans to IPO, then reels back after community backlash.
Loopring (LRC) Loopring Takes Off On Rumors of Powering GameStop NFT Marketplace There are a lot of signs pointing towards GameStop launching an NFT marketplace on Loopring (LRC), and that's being reflected in the price.
Metaverse Metaverse Cryptos Pump Following Facebook Rebrand Facebook's META rebrand brought renewed attention to metaverse crypto projects, led by Decentraland (MANA).
NFT Pro Sports NFTs: On-Chain and Officially Licensed As the NFT market matures, existing corporations are entering the space using their brands and intellectual property to create NFT games and collectibles.
Company Highlight Yield Guild Games Spotlight Yield Guild Games (YGG) is helping people in the developing world make 5-10x their money by playing games.
Adoption High Gas Fees Bring Trouble and Opportunity Ethereum's high gas fees are opening the door for competition to eat up market share.
NFT Instagram Is Rolling Out NFT Support Instagram has begun rolling out their NFT integrations, pulling info from crypto wallets and tagging ownership.
Axie Infinity (AXS) Sky Mavis Raises $150M to Compensate for Ronin Hack Sky Mavis, maker of Axie Infinity, raised $150M primarily from Binance to make investors whole after their Ronin sidechain was hacked for $600M.
Shopify (SHOP) Shopify Adds NFT Support Shopify has launched an NFT platform beta to their US Plus customers.
Company Highlight Jack Dorsey leaves Twitter, rebrands Square to Block Jack Dorsey has left Twitter, leaving its crypto ambitions in question. Dorsey is now full time at Square, which has rebranded to Block.
Ethereum (ETH) Coinbase Wallet Launches Browser Extension This past week, Coinbase launched their own web wallet extension to compete with MetaMask, bringing much of the convenience of using Coinbase natively to the web3 browser experience.
NFT What’s the Metaverse Worth? About $28M Per User Major Metaverse projects seem to be almost entirely devoid of users. While most successful games measure users in the millions, these are under 1000.
NFT Reddit and Facebook Integrate NFTs Reddit launched an NFT avatar marketplace on Polygon, and Facebook will allow Ethereum and Polygon NFTs on user profiles.
NFT The New York Stock Exchange Files Patent for NFT Marketplace The New York Stock Exchanged filed a patent for an NFT marketplace, with specific focuses on the metaverse.
CryptoMines CryptoMines Reinvents the Rug Pull At its height, CryptoMines' token, ETERNAL, had a market cap of almost $3 billion, but now it's worth $13 million.
Non Fungible Token Ubisoft is Launching In-Game NFTs Ubisoft is launching in-game NFTs. Their beta platform is live now and issues free NFTs.
FTX FTX Expanding NFT Markets, Raising Billions FTX is raising billions to expand to new markets, and launch their NFT marketplace globally.
NFT FTX.US Will Not List NFT Projects Offering Holder Royalties FTX.US announced that its new non-fungible token (NFT) marketplace would not list projects rewarding royalties to NFT holders.
Adoption Bored Ape Yacht Club Auction Sells for $24 Million A collection of 101 Bored Ape Yacht Club Non Fungible Tokens (NFTs) sold for $24 Million this week at a Sotheby's auction.
NFT Doodles 2 to Launch on KYC'd NFT Blockchain Flow Doodles 2, the new mainstream Doodles collection, will launch on Dapper Labs' Flow blockchain on January 31.
NFT $3k Floor Price for ~2 Weeks of Access to the Bored Ape Arcade Game Bored Ape's parent company, Yuga Labs, released a simple arcade game, and access for two weeks of gameplay is selling for more than $3k.
NFT Instagram Integrates Polygon & Arweave for Its NFT Marketplace On Wednesday, Meta announced that Instagram will allow users to mint and sell NFTs through its app.
NFT BAYC Fueled Bank Run Nearly Breaks BendDAO A large amount of the collateralized loans on BendDAO backed by Bored Ape Yacht Club (BAYC) NFTs risked liquidation and caused a bank run.
NFT Coinbase and Gemini Kick Off the Crypto Winter Job Market As economic concerns grow & retail interest wanes, exchanges are laying off employees, freezing hiring, & halting new development.
NFT BAYC’s Land Sale Jacks Up ETH Gas Price, Wastes $80M Bored Ape Yacht Club and Yuga Labs launched a land sale for their metaverse, Otherside. The sale minted 100,000 NFTs and $561M in sales.